Bitcoin's brief rally triggers long-short reversal, with short liquidations accounting for 52% of total liquidations across the network over the past hour

Odaily reports, according to OKX market data, Bitcoin experienced a brief rally, rebounding above $64,000, triggering a long-short reversal in liquidations across the network.

Coinglass data shows that in the past hour, total liquidations across the network reached $141 million, of which short liquidations amounted to $73.4406 million and long liquidations amounted to $67.2801 million, with the proportion of short liquidations rising to 52.18%.